Whoa! ISA plummets

[NerveAgent]

I dont know about anyone else but my ISA is pretty much back to where it was a week ago! Its my first dabble in the S&S world, opened in february and is only about £5000.

Funny seeing everyone panic though. Madness.

[hermitage henry]

Soov535 said:

davepoth said:

walm said:

Well everything was red on Monday so it's only fair.

Welcome to every August.

The market always overcorrects when there's a big event like we saw in China, so there are a couple of seesaws either way before it finds a level. I'd guess it'll be another wild ride tomorrow.

FWIW I've got a a giant Spread Bet long FTSE 100 - let's see what happens. Either it will make back the losses or I will be crying tonight!!

Is this spread bet still within your pension?

[Soov535]

hermitage henry said:

Soov535 said:

davepoth said:

walm said:

Well everything was red on Monday so it's only fair.

Welcome to every August.

The market always overcorrects when there's a big event like we saw in China, so there are a couple of seesaws either way before it finds a level. I'd guess it'll be another wild ride tomorrow.

FWIW I've got a a giant Spread Bet long FTSE 100 - let's see what happens. Either it will make back the losses or I will be crying tonight!!

Is this spread bet still within your pension?

Hell no!!

[hermitage henry]

Soov535 said:

hermitage henry said:

Soov535 said:

davepoth said:

walm said:

Well everything was red on Monday so it's only fair.

Welcome to every August.

The market always overcorrects when there's a big event like we saw in China, so there are a couple of seesaws either way before it finds a level. I'd guess it'll be another wild ride tomorrow.

FWIW I've got a a giant Spread Bet long FTSE 100 - let's see what happens. Either it will make back the losses or I will be crying tonight!!

Is this spread bet still within your pension?

Hell no!!

To be clear, you're £25k down on your pension and you're trying to make back the losses (which would need a 2500 point correction on the FTSE to c8500?) with 'normal' cash?
Why?

[ringram]

He probably got stopped out on the fall today and lost all his capital..!?

[walm]

ringram said:

He probably got stopped out on the fall today and lost all his capital..!?

Well if he put the £10 a point on around 6200 and got stopped out today, he lost £1,600.
I strongly doubt that's "all" his capital!

[sideways sid]

Mermaid said:

Follow the oil trade

Oil is down 7% today.

[Mermaid]

sideways sid said:

Mermaid said:

Follow the oil trade

Oil is down 7% today.

Stocks down about 3% - a big number, concern about follow through unless Wall Street bounces in last hour of trading

[Fittster]

Almost there.

http://www.doncaster-racecourse.co.uk/st-leger/

[ringram]

walm said:

Well if he put the £10 a point on around 6200 and got stopped out today, he lost £1,600.
I strongly doubt that's "all" his capital!

Duh, all of his capital at risk..!

[hermitage henry]

Well he hasn't come back to expand on this so we'll have to draw our on conclusions on what really happened.

[Ginge R]

bad company said:

Ginge R said:

bad company said:

I read an article on the Hargreaves Landown web site (can't find it this morning) recommending restricting income to the 'natural yield' of 3.5 - 4.5%. So as I said I went for 3.6%, glad I kept to a modes percentage now.

For some people, especially those retiring early, it's nice to target 3.3/3.3%. You're certainly being sensible. Make sure too, your funds remain suitable.

Worth mentioning too, being the richest man in the graveyard isn't much to write home about.

found the article - it was from 'This Is Money' - Here is the link, as you can see they are suggesting 3.5 - 4.5% drawdown.

http://www.thisismoney.co.uk/money/pensions/articl...

Not sure what your recommendation is, you said 3.3 - 3.3% which I suspect is a typo?

BC,

Sorry for the ignore, today is the first day I've dropped back in since then. We talk about investment appetite, but more important is loss capacity. Some clients drawing for a pension that's their only asset and needs to provide income for a long time, should be treated differently to one which is heavily padded out and upon which, the client isn't overly reliant. So, I wouldn't be dogmatic about it (one size doesn't fit all etc) but those figures are in the ballpark. It depends on the client's needs, wishes and feelings.